CreditMantri matches your credit and demographic profile to Bajaj Finance Home Loan lending criteria - others just match your demographic criteria. We shortlist lenders willing to lend to you based on our proprietary matching algorithm.
In effect, we pre-screen your application to make sure you are likely to qualify as per the lender’s credit criteria. We upfront check whether you qualify for Bajaj Finance Home Loan. Hence the chances of your Bajaj Finance Home Loan application getting approved is higher.
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Bajaj Finserv is part of the well-known Bajaj Holdings and specializes in lending, asset management, wealth management and insurance among a range of other services offered. It has over 1400 branches across the country and is one of the leading providers of retail finance.
Step into your ready-to-occupy home with the help of Bajaj Finance Home loan! Bajaj not only offers funding for buying your dream home, but also additional funds in the Home Loan + facility for fittings and furniture, to help make your house into a home. This unique offering allows you to furnish your home without having to apply for a personal loan or a Home Improvement Loan.
You can avail a minimum loan amount of Rs. 30 lakh and a maximum of Rs. 15 crores depending on your employment status and other factors.
The maximum tenure is 25 years for salaried employees and 20 years for self-employed individuals.
Home Loan Balance Transfere
You have the option to transfer your existing home loan with another financial provider to Bajaj Finserv for a better interest rate and refinance options like top up loans. The online Home Loan Balance Transfer scheme can be done in less than 4 days with minimal documentation.
Speedy Approval and Minimal Documentation
With Bajaj Home loan, you can avail numerous advantages like online application process, instant online approval and minimal documentation.
Part prepayment facility
You can choose to prepay the loan amount. Keep in mind that the prepayment transaction should not be less than the total amount of 3 EMIs. Additionally, there is no limit on the maximum amount.
Nil foreclosure charges
Enjoy Zero foreclosure charges. You can choose to foreclose your Home Loan anytime during your loan tenure.
3 EMI Holiday
Enjoy a three-month grace period in paying your EMIs after availing the loan. This will help you plan your monthly expenses in an orderly way and provide you with the much-needed buffer to plan your finances.
Online account access
You can view all your loan details and view your transaction history. Make convenient payments on your loan amount through the Customer Portal. You just need to log in with your User ID or mobile number or email and password.
Bajaj Finance Home Loan Interest rates
Avail attractive interest rate when you go for a home loan with Bajaj. For the latest interest rate, it is advisable to contact your nearest branch.
Some of the charges associated with Bajaj Home are listed below:
You are eligible for availing a Bajaj Home Loan if:
You can calculate your eligibility using the Bajaj Eligibility Calculator Online. All loan eligibility /approval is done solely at the discretion of Bajaj Finance.
Some of the factors that are taken into account by Bajaj Finserv when determining eligibility for a home loan are:
Valuation of property (Fair market value)
Existing liabilities, if any
Stability/continuity of employment/business
You would need the following documents in order to apply for a Home Loan with Bajaj Finserv. Note that the list of documents mentioned is indicative and additional documents might be required during loan process depending on your profile.
What is the minimum loan amount that I can borrow from Bajaj?
You can avail home loans starting from Rs. 30 lakh onward. The approval of loan amount is subject to income, repaying capacity and valuation of property amongst other factors.
Who can be a co-applicant?
Co-applicants can be husband/wife, father/son, siblings and so on. It is not mandatory to have a co applicant. However, if an individual is the co-owner of the property which needs financing, then it is mandatory that he/she also be the co-applicant for the Home Loan.
Can I get approval for home loan without finalizing the property?
Yes, based on your income eligibility, Bajaj Finserv will offer you an in-principle approval. Based on this approval, you can select the property you want to buy. The final loan sanction is based on actual assessment of the property.
Can I increase the EMI during the loan period?
Yes. If you are a self-employed individual, you can increase the EMI at any point during the loan tenure. This leads to a reduced loan period and quicker repayment of the loan if it is done frequently. You can increase your EMI payment by logging onto the Bajaj Finserv customer portal or by sending an email to the email ID listed on the website.
What are the different options for making EMI payments?
You can repay your home loan by any of the following ways:
If you are looking for a home loan with competitive rates of interest and a tenure spread over a long period of time with easy repayment modes, then you could consider a loan from Bajaj. Bajaj Finance Home Loan offers a range of housing finance products and tenures to suit every budget and need. You can use the EMI calculator tool on the website to decide what kind of loan works best for you and plan your finances accordingly.
You can apply for a Bajaj Home Loan in the following ways:
Apply online. Submit the completed application form with the processing fee.
You can also call the dedicated customer service number listed on their website.
Alternatively, you can visit any Bajaj Finance branch to discuss your eligibility and for details on your home loan. You can submit a completed application form along with the required documents.
Alternatively, if you think you need help with your Home Loan application and advice on loan eligibility, CreditMantri can guide you through the entire process and match you with the loan offer that best suits your profile.